Cisco Systems Inc. CEO John Chambers is calling his company’s recent missteps “unacceptable” and is vowing to take “bold steps” to narrow Cisco’s focus.
Cisco reported its first-ever cash dividend will amount to 6 cents per share and will be paid on April 20.
Stocks finished Thursday flat, dragged down by Cisco Systems Inc. The San Jose-based company issued a weak earnings forecast.
Cisco said Wednesday that its net income fell 18 percent in the latest quarter, as sales growth slowed.
Several Bay Area tech companies have had to shut down operations in Egypt because of that country’s massive political uprising.
A gloomy outlook from Cisco Systems Inc. is shaking some investors’ faith in the strength of the technology industry’s recovery.
Cisco Systems Inc. said Wednesday that its earnings for the latest quarter climbed 8 percent from last year. But new downbeat comments from the company’s CEO on the pace of its customers’ spending helped push shares lower in extended trading.
Senator Barbara Boxer held a town hall meeting in Silicon Valley on Tuesday, talking about some of the issues she feels are most important to those in the high tech industry.
Cisco says it’s going to sell a $599 box that turns living-room TV sets into big videophones.
Skype is replacing its CEO with a Cisco Systems executive, a change that may indicate the Internet calling service is closer to announcing specific plans for an initial public offering.